Twitter wants to raise $1bn in its stock market debut

Friday, 04 October 2013 - 11:09

Twitter+wants+to+raise+%241bn+in+its+stock+market+debut

Social networking company Twitter has said it plans to raise $1bn in its stock market debut in documents filed with US regulators.

 

In the filing, revealed on Thursday, the seven-year-old company said that it now has 218 million monthly users and that 500 million tweets are sent a day.

 

It made a loss of $69m in the first six months of 2013, on revenues of $254m.



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